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December 2009

There are 2 blog entries for December 2009.

Austin Unemployment and Austin Real Estate Market Update November 2009

Monday, December 28th, 2009 at 2:43pm. 1,703 Views

The Austin unemployment rate (Austin-Round Rock) dropped to 6.9% in November 2009 from 7.2 % in October and September 2009 with 3,200 more people employed and 2,300 less people unemployed in Austin-Round Rock in November 2009 than the previous month due to an increase in the Civilian Labor Force by 900 people.  In comparison, during the same time period the State of Texas unemployment rate decreased from 8.1% in October 2009 to 7.9% in November 2009.  The United States decreased unemployment dropped to 9.4% in November 2009 from 9.5% in October 2009. Austin-Round Rock continues to be significantly lower than the National Average.
 
Between January 1st and December 25th of 2009 there were 8,217 single-family homes sold within the Austin city limits with a

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Austin Texas Real Estate Market Update and Statistics November 2009

Monday, December 7th, 2009 at 5:49pm. 1,824 Views

The Austin real estate market was strong during November 2009 compared to November 2008. There was a huge 62% increase in single-family homes sold, a 1% decrease in the median sold price per square foot, virtually no change in days on market, and a large decrease in supply of 10%. The median sales price decreased from $235,000 to $225,000, which indicates that people are buying less expensive homes while paying only slightly less per square foot for these homes. With the extension of the $8000 first-time home buyer tax credit and addition of a $6500 home buyer tax credit, the market should stay consistent and stable through the slow selling season between fall 2009 and spring 2010. Furthermore, the Austin unemployment rate remained flat at 7.2% in October…

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